TEXAS : Senate Bill #860

Senate Bill 860, effective September 1, 2015, defines owner liability, revises the signature requirements for termination, reinstatement, and certain amendments and adds a subchapter regarding ratification of defective corporate acts or shares. In addition, the Bill provides changes in various merger requirements and allowances including provisions allowing that any filing entity that is a party to a merger may include certificates of amendment, restated certificates of formation without amendment, or a restated certificates of formation containing amendments as attachments to the merger documents.